profit from every SEK 100 of sales.
SEK 0SEK 100
Afry
SEK 130.50+0.00% today
-12.2% in 1 year
1-year low SEK 99.701-year high SEK 158.10
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 18.47 for every SEK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Afry sold, what it kept, and what it did with the cash.
Sales went from SEK 23.6 billion in 2022 to SEK 25.8 billion in 2025, with SEK 800 million of profit last year.
SalesProfit
Afry handed back 32% of the cash it generated last year.
SEK 680M
Free cash flow 2025SEK 2.1B
Bought back its own shares–
Paid as dividendsSEK 680M
Cash vs. debtSEK 1.4B vs. SEK 6.6B
Afry vs. similar companies
Afry grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Afry | 18.5× · Fair price | ||
 Quanta Services | 89.1× · Very expensive | ||
 Larsen & Toubro | 36.0× · Expensive | ||
 Ferrovial | 44.3× · Expensive | ||
 Comfort Systems USA | 40.0× · Expensive |
AI analysis
An AI analyst reads Afry's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 23,552 | 26,978 | 27,160 | 25,758 | |
| 18,655 | 21,393 | 21,459 | 20,469 | |
| 1,506 | 1,768 | 1,916 | 1,400 | |
| 2,274 | 2,771 | 2,919 | 2,190 | |
| 974 | 1,100 | 1,229 | 800 | |
| 8.60 | 9.71 | 10.85 | 7.07 | |
| 79.2% | 79.3% | 79.0% | 79.5% | |
| 6.4% | 6.6% | 7.1% | 5.4% | |
| 4.1% | 4.1% | 4.5% | 3.1% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 27,996 | 28,172 | 28,304 | 27,040 |
| Cash | 1,088 | 1,167 | 1,269 | 1,378 |
| Total debt | 7,796 | 7,858 | 7,254 | 6,605 |
| Total liabilities | 15,818 | 15,717 | 15,153 | 14,362 |
| 12,176 | 12,454 | 13,128 | 12,677 | |
| 113 | 113 | 113 | 113 | |
| 5.6% | 7.1% | 7.8% | 5.6% | |
| 8.0% | 8.8% | 9.4% | 6.3% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,042 | 1,794 | 1,994 | 2,220 | |
| 151 | 176 | 133 | 94 | |
| 891 | 1,618 | 1,861 | 2,126 | |
| Dividends paid | 623 | 623 | 623 | 680 |
| 0 | – | – | – | |
| – | – | – | – |
Valuation
- 18.5×
- –
- –
- 1.0×
- 0.6×
- 7.0×
- 9.1×
- 14.4%
- 5.4%
- 4.6%
Profitability
- 79.5%
- 5.4%
- 3.1%
- –
- 5.6%
- 6.5%
- –
- –
- –
- –
Growth
- +3.0%
- −6.3%
- –
- –
- +0.0%
Financial health
- 2.4×
- 0.52
- –
- 4.6×
- 1.04
- –
- –
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 26%of 989
Bottom 26%of 991
Top 36%of 896
Bottom 29%of 987
Top 6%of 992
4.6%of the share price, paid each year
On $1,000 invested$46a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
85.0% of its profit
Room to growStretchedMore than it earns: 32.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
56No pass
Benjamin Graham
72Pass
Philip Fisher
46No pass
Peter Lynch
22No pass
Joel Greenblatt
34No pass
Charlie Munger
36No pass
Terry Smith
40No pass
Questions about Afry
Is Afry a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Afry AI analysis
What does Afry do?
Afry AB provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally. It operates through Energy, Industry, and Transportation & Places segments. It is in Engineering & Construction, based in Stockholm, Sweden, with 17,317 employees.
Does Afry pay a dividend?
Yes. At today's price the dividend is 4.6% a year, about 85% of its yearly profit. In 2025 it paid out SEK 680 million in dividends.
Is Afry stock halal?
No. Afry does not pass our halal screen: its debt is 45% of its market value, at or above the 33% limit. How we check
How has Afry stock done over the past year?
Down 12.2% over the past twelve months, to SEK 130.50. It traded between SEK 99.70 and SEK 158.10 and is 17.5% below its high.
Who are Afry's competitors?
The largest listed companies in the same industry are Quanta Services, Larsen & Toubro, Ferrovial and Comfort Systems USA. The peers table on this page compares their profit, growth and price with Afry's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.